I've been trading shares for several years and eventually noticed the way the price of a share rises and falls over a short period of time. I used this with stocks like CBA and NAB to buy low and sell high. Sometimes I'd only hold the stock for a week.
I've now progressed to LHG who's price varies with the gold price. I have $100,000 to trade with and in a period of 9 days in late October I made $5,700 in 5 short term trades. I made $7,000 for the all of October with a two week trading break mid October. Some trades were buy one day sell the next.
With the amount I have available the stock only has to go to a couple of cents to get into the 4 digit profit margin. The average share price increase was 5 cents or about a 1.7% increase.
I'm not greedy with my profits and I'd sell even for a few hundred dollars profit. I'd rather sell and make a few hundred than see the price rise then fall then have to wait for it to go up again.
Does anyone else go with the short term buying and selling?
Does anyone else have an interesting strategy?